Entrepreneurial exit as a critical component of the entrepreneurial process: Theoretical development |
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Authors: | Dawn R DeTienne |
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Institution: | Colorado State University, 207 Rockwell Hall, Fort Collins, CO 80523, United States |
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Abstract: | By demonstrating the importance of entrepreneurial exit to the entrepreneur, the firm, the industry, and the economy I contend that our understanding of the entrepreneurial process is incomplete without the inclusion of entrepreneurial exit. I define entrepreneurial exit and demonstrate how this conceptualization provides concepts that are unique from those addressed by researchers in other domains; thus outlining a space for it within the literature. In each phase of the entrepreneurial process I explore the development of an exit strategy, reasons for exit and options for exit. |
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Keywords: | Entrepreneurial exit Entrepreneurial process Psychological ownership |
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